If you plan to start a Crypto Exchange, bear in mind that 85% of new crypto exchanges fail with 92% of them generating less than 40 trades a day.
Why Startup Exchanges Fail
Analyzing tens of cases of clients having issues with in-house built exchanges or exchanges provided by independent software providers, we found a common theme of problems across three layers of business operations.
Why retail crypto traders should leave their exchanges and switch to you? What is your pricing? How you differentiate your product?
What is the projected traffic? What effort you are putting to increase it? What is the target increase per customer?
What is the projected revenue per customer? Is it profitable assuming your prices are competitive? What are your tools to increase revenue per customer?
Technology aside, we approach the process of building a crypto exchange business as a financial trading business problem first and foremost. We focus on 5 key areas that we believe determine whether the crypto exchange will turn successful with a loyal customer base or not.